Forbearance

Forbearance, in the context of a mortgage process, is a special agreement between the lender and the borrower to delay a foreclosure. The literal meaning of forbearance is "holding back".

Source: Wikipedia — Forbearance (CC BY-SA 4.0)

Forbearance

Forbearance, in the context of a mortgage process, is a special agreement between the lender and the borrower to delay a foreclosure. The literal meaning of forbearance is "holding back".

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Source: Wikipedia "Forbearance" · CC BY-SA 4.0

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